| Award | Player | Team |
| Player of the Year | Dustin Grossman | Cincinnati |
| Front Office Bowl MVP | Milo Tucker | New York |
| Coach of the Year | Reggie Durham | Minnesota |
| Legend of the Game | Bruce George | Houston |
| Offensive Player of the Year | Dustin Grossman | Cincinnati |
| Defensive Player of the Year | Jackie Langen | Miami |
| Offensive Rookie of the Year | Travis Watts | Green Bay |
| Defensive Rookie of the Year | Kareem Tedder | Miami |
| All-League First Team Quarterback | Dustin Grossman | Cincinnati |
| All-League First Team Running Back | Travis Watts | Green Bay |
| All-League First Team Fullback | Matthew Tucker | Tennessee |
| All-League First Team Tight End | Lamar Dobbs | Houston |
| All-League First Team Wide Receiver | Herman Nager | Cincinnati |
| All-League First Team Wide Receiver | Devon Howard | San Diego |
| All-League First Team Center | Jeremy Ciervo | Jacksonville |
| All-League First Team Offensive Guard | Lincoln Rhyne | Pittsburgh |
| All-League First Team Offensive Guard | Curtis Sosa | Baltimore |
| All-League First Team Offensive Tackle | Emmitt Tanner | Minnesota |
| All-League First Team Offensive Tackle | Harold Boselli | San Diego |
| All-League First Team Punter | Dale McIntyre | Dallas |
| All-League First Team Kicker | Deron Jones | Seattle |
| All-League First Team Defensive End | Steve O'Neill | Cleveland |
| All-League First Team Defensive End | Al Ihler | New York |
| All-League First Team Defensive Tackle | Kerwin Middleton | San Diego |
| All-League First Team Defensive Tackle | Otis Grotrian | Atlanta |
| All-League First Team Inside Linebacker | Stan Flannery | New England |
| All-League First Team Outside Linebacker | Jackie Langen | Miami |
| All-League First Team Outside Linebacker | Gus Batson | New Orleans |
| All-League First Team Cornerback | Michael Van Horn | Philadelphia |
| All-League First Team Cornerback | Shaun Malcomson | Carolina |
| All-League First Team Safety | Leroy Reed | Miami |
| All-League First Team Safety | Winston Scott | San Diego |
| All-League Second Team Quarterback | Alex Porter | Minnesota |
| All-League Second Team Running Back | Glenn Bailey | San Diego |
| All-League Second Team Fullback | D.J. Shaw | Chicago |
| All-League Second Team Tight End | Kim Ogden | Minnesota |
| All-League Second Team Wide Receiver | Buddy Hickman | Baltimore |
| All-League Second Team Wide Receiver | Hunter Armstrong | Oakland |
| All-League Second Team Center | Omar Kearney | New York |
| All-League Second Team Offensive Guard | Dominic Bullock | Atlanta |
| All-League Second Team Offensive Guard | Blake Tiedeman | Chicago |
| All-League Second Team Offensive Tackle | T.J. Foust | Green Bay |
| All-League Second Team Offensive Tackle | Nolan Davis | Buffalo |
| All-League Second Team Punter | Richie Shipman | Washington |
| All-League Second Team Kicker | Edwin Dawson | Detroit |
| All-League Second Team Defensive End | Randal Jarvis | Seattle |
| All-League Second Team Defensive End | Leland Perez | Atlanta |
| All-League Second Team Defensive Tackle | Jose Bullock | New York |
| All-League Second Team Defensive Tackle | Peter Denning | Pittsburgh |
| All-League Second Team Inside Linebacker | Norbert Grusendorf | St. Louis |
| All-League Second Team Outside Linebacker | Edwin Stone | Houston |
| All-League Second Team Outside Linebacker | Paul Hanson | Jacksonville |
| All-League Second Team Cornerback | Derrick Cole | Chicago |
| All-League Second Team Cornerback | Jimmy Finn | St. Louis |
| All-League Second Team Safety | Chuck Watkins | Carolina |
| All-League Second Team Safety | Marquis Taylor | Seattle |
| League's Fastest Man | Trayce Hatcher | San Francisco |
| League's Strongest Man | Jon Lavalais | Cleveland |